A detailed analysis published by The Indian Express on October 15, 2026, highlighted Praj Industries’ strategic challenges and efforts to diversify its business.
Praj, a major beneficiary of India’s ethanol-blending programme, faces slowing orders and excess capacity after the country met its 20% blending target ahead of schedule. The slowdown in new plant orders has weighed on the company’s recent high growth.
Praj is expanding into data-centre infrastructure, sustainable aviation fuel (SAF) and other next-generation biofuels. The shift aims to help the company navigate a mature ethanol market and build long-term revenue streams in emerging green-technology sectors.